All Forum Posts by: Scott Pirrie

Awesome to hear others doing it! I am planning on doing the same in the next two months!

"If you believe you can you can."
From a fortune cooke believe it or not!

I always try to remember that my tenants are my customers and paying my bills! I think we too often get jaded by bad tenants be good to them and they will be good to you!

Awesome everyone thank you very much!

Hey everyone I would appreciate referrals for HVAC people in Phoenix. I am looking at upgrading my triplex from Evap Coolers. Also I am not looking to pay retail prices, got a quote already that I thought was waaaay too high.

Thanks everyone!

I'm currently in IT and not wanting to do this sort of work for the rest of my life lead me to finding a cashflow business. At I first wanted to consult for small businesses IT needs but, after working for a couple of small companies doing this for 4 years I really realized I didn't want to do that! So now it's buying apartments for cashflow!

In Seattle we currently have about 43 days of invetory and SF's are being sold at 8% above asking price. As for Apartments ground is being broken all over the place my neighborhood alone has 1300 units going up right now! Granted Ballard is one of the hottest neighborhoods in Seattle over the last few years but, that's still a lot.

Josh you can implement RUBS which is a method of billing back the utility costs based on the number of units and sizes. I know there are several forum discussions on this so I won't go into much detail. But, it is a pretty common system used when utilities are not sub-divided already.

Thanks Bryan! Any areas you would recommend that are C+ or up and coming C's?

An investor that is part of my commerical group just picked up almost 300 units in North Dallas for just below 15k a door. It's a turn around but, you can't even by the material for that price at under $20/SF.

@Bryan I have been back and forth with a couple brokers in Austin on smaller apartments in the 20-80 unit range I am looking for. The general feedback was you can't pick anything up in a C+ to B area for under 50k a door. I am really looking to pick up buildings around 30kish a door is that possible in at least C areas that aren't too rough? Are you only building or are you looking at turn arounds too?

I got mine through Foremost and we are 120/mon for 175k coverage on the house and 500k in liability coverage.